Apple’s (AAPL) next major test is soon upon us. The company's Worldwide Developers Conference is June 8-12, and this year's gathering may be more important than a usual product display. Apple is scheduled to preview iOS 27, iPadOS 27, macOS 27, watchOS 27, tvOS 27, and visionOS 27. Developers and ...
Apple’s (AAPL) next major test is soon upon us. The company's Worldwide Developers Conference is June 8-12, and this year's gathering may be more important than a usual product display. Apple is scheduled to preview iOS 27, iPadOS 27, macOS 27, watchOS 27, tvOS 27, and visionOS 27. Developers and ...
Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10% After the close on Friday, we said that on Monday, Korean stocks would be a " bundle of joy"... Korea on Monday will be a bundle of joy — zerohedge (@zerohedge) June 5, 2026 ... and that appears to be playing out in early Asian trading, as the Kospi index crashed 8.8% just after the open, taking the key index's decline fro...
Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10% After the close on Friday, we said that on Monday, Korean stocks would be a " bundle of joy"... Korea on Monday will be a bundle of joy — zerohedge (@zerohedge) June 5, 2026 ... and that appears to be playing out in early Asian trading, as the Kospi index crashed 8.8% just after the open, taking the key index's decline from its recent peak to nearly 17%, poised to enter a technical correction and on pace for an outright bear market (20% drop from highs) should the local plunge protection team fail to stem the collapse. Memory maker Samsung Electronics fell as much as 11% while peer SK Hynix Inc. slid 10%. Since these two stocks account for virtually all the recent upside in Korean stocks, levered retail investors - who were buying everything foreign investors had to sell after a record stretch of 21 days of non-stop selling... Foreigners have sold Korean stocks every single day - mostly to domestic ultra-levered retail investors - since May 6, the longest stretch on record by far. pic.twitter.com/78EQExLJr6 — zerohedge (@zerohedge) June 5, 2026 ... are having a very bad day. The sudden plunge triggered a circuit breaker, halting trading for 20 minutes. The Korea Exchange held an emergency meeting Monday to assess rising volatility and discuss measures to ensure stable market operations. Concerns over overheating in the AI rally combined with uncertainty in the macro environment have taken some steam out of global tech stocks over the past few sessions. Korea is seeing outsized losses after its world-beating gains, with the Kospi still up 77% since the start of the year. As we pointed out most recently last Thursday just as the Kospi hit its all time high, foreign investors have been fleeing , selling more than $10 billion worth of Kospi shares on a net basis last week alone. That’s put pressure on the won , with the currency touching its weakest level against the dollar since March 2009. We ...
Palantir Technologies Inc. CEO Alex Karp has a colorful comparison for corporate AI deployments: pornography. In an appearance on Thursday on the TBPN podcast, Karp argued that most companies aren’t using artificial intelligence to solve real business problems — they’re...
Palantir Technologies Inc. CEO Alex Karp has a colorful comparison for corporate AI deployments: pornography. In an appearance on Thursday on the TBPN podcast, Karp argued that most companies aren’t using artificial intelligence to solve real business problems — they’re...
(RTTNews) - The Taiwan stock market has moved lower in two straight sessions, surrendering almost 1,400 points or 3.1 percent along the way. The Taiwan Stock Exchange now sits just above the 45,070-point plateau and it's expected to see continued consolidation on Monday.
(RTTNews) - The Taiwan stock market has moved lower in two straight sessions, surrendering almost 1,400 points or 3.1 percent along the way. The Taiwan Stock Exchange now sits just above the 45,070-point plateau and it's expected to see continued consolidation on Monday.
Hong Kong property tycoon Gordon Wu Ying-sheung has predicted that China will overtake the US as the world’s largest economy in the next decade or so, propelled by rapid technological advances while Washington is weighed down by massive defence expenditure and national debt. Yet the 90-year-old founder and chairman of Hopewell Holdings, who rarely speaks to the press, said Hong Kong should look pa...
Hong Kong property tycoon Gordon Wu Ying-sheung has predicted that China will overtake the US as the world’s largest economy in the next decade or so, propelled by rapid technological advances while Washington is weighed down by massive defence expenditure and national debt. Yet the 90-year-old founder and chairman of Hopewell Holdings, who rarely speaks to the press, said Hong Kong should look past geopolitical tensions between Beijing and Washington to build closer ties with the United States,...
Good evening from New York. I just landed here so that I can help smuggle Charles Oakley into Madison Square Garden for the NBA Finals. I forgot to mention last week that readers of this newsletter get a 30% discount for the Screentime conference in the fall. Add Scary Movie to this year’s list of nostalgic hits — and add Masters of the Universe to the growing pile of old intellectual property tha...
Good evening from New York. I just landed here so that I can help smuggle Charles Oakley into Madison Square Garden for the NBA Finals. I forgot to mention last week that readers of this newsletter get a 30% discount for the Screentime conference in the fall. Add Scary Movie to this year’s list of nostalgic hits — and add Masters of the Universe to the growing pile of old intellectual property that audiences have rejected. Two horror films, Backrooms and Obsession , are still chugging along and are both on track to blow by $200 million worldwide. I talked about what their success means on Bloomberg’s Everybody’s Business , as well as the right and wrong lessons to draw from their success with The Town . Next up at the multiplex is Steven Spielberg’s Disclosure Day , which has great critical buzz but is looking like a commercial disappointment. I am headed to the premiere Monday night. Five things you need to know Bill Ackman sold his $1.65 billion stake in Universal Music Group after the company rejected his takeover bid . Shares in UMG fell, though the company’s management is thrilled to be done with the drama (for now). T-Mobile isn’t just a boring phone company. It’s becoming a lifestyle brand ? The AI music startup Suno raised money at a valuation of $5.4 billion — more than double the figure from just seven months ago. State attorneys general are preparing a lawsuit to block the Paramount-Warner Bros. merger. CBS News boss Bari Weiss and new 60 Minutes producer Nick Bilton are trying to steady the ship after one of the most tumultuous weeks in the show’s history. They fired Scott Pelley after he confronted Bilton in a meeting. Spotify’s shifting super fan strategy Spotify is looking to become a hub for live music. The streaming giant has approached concert promoters about licensing the rights to show live video of music festivals, according to people familiar with the talks. Adding live video would be a new initiative for the Swedish company, which previously e...